CUPERTINO, Calif. (TheStreet) -- As Apple(AAPL) reports fiscal third-quarter results Tuesday afternoon, will investors see some of the magic that hit Google(GOOG) in its second-quarter report last week?
"All in all, I would expect a good quarter, not a Google-type of quarter, but a good quarter," said Michael Yoshikami, CEO and founder YCMNET Advisors, which holds a small position in Apple. "I am expecting good numbers -- I think that they will surprise to the upside with iPad numbers."
Analysts predict that Apple will enjoy a summer of major iPad and iPhone sales, despite the lack of a new iPhone announcement at its Worldwide Developers' Conference (WWDC) last month. An upgraded version of the device is expected to make its debut in September.
YCMNET's Yoshikami is not getting too carried away with all the iPhone chatter. "I won't be surprised to see the iPhone numbers be fair, but not great," he told TheStreet. "That would be because Verizon(VZ) has had a very successful rollout of their LG LTE devices," said Yoshikami, referring to the slew of Google Android phones hitting the market this summer.
The Apple investor expects to see Mac adoption rates continue to rise, as well as hear more details about its recent patent win against HTC.
"I will be listening for what they are going to do about Apple in terms of litigation, and also their TV product launch," he said, referring to rumors that the company is planning to enter the high-definition TV market, possibly later this year.
Apple, of course, is notoriously tight-lipped about future product launches, and analysts seem to think that the firm is likely to focus attention on the roll-out of its new iCloud service, which was unveiled at WWDC last month.
Overall, analysts surveyed by Thomson Reuters are looking for Apple to report third-quarter revenue of $24.92 billion and earnings of $5.80 a share.
--Written by James Rogers in New York.
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